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You are a currency trader at GS . After calling you r friends working at Wells Fargo, Unicredit, and at J.P Morgan , you observe
You are a currency trader at GS . After calling you r friends working at Wells Fargo, Unicredit, and at J.P Morgan , you observe the following quotes for the GBP /USD:
- J.P. Morgan: GBP /USD : 1.1405 14.
- Unicredit: GBP/USD : 1.1382 1.1406
- Wells Fargo : GBP /USD : 1.1399 1.1415.
After looking at these quotes, you conclude that there are no spatial arbitrage opportunities.
A) True; B) False.
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